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DWS defends its approach to ESG amid greenwashing probe

Regulators in the US and Germany are investigating DWS after claims made by a former employee that it overstated its ESG credentials

By David Ricketts
DWS Group said it differentiated between so-called ESG-integrated assets under management and ESG assets under management when presenting figures in its most recent annual report
DWS Group said it differentiated between so-called ESG-integrated assets under management and ESG assets under management when presenting figures in its most recent annual report Photo: Bloomberg via Getty Images

DWS, the listed German asset manager majority-owned by Deutsche Bank, has defended itself against allegations made by a former employee over its approach to sustainable investing.

The move comes after reports of two regulatory probes caused its share price to nosedive by more than 13%.

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